Trade­point At­lantic made good progress in 2018

The Dundalk Eagle - - Police Beat - By: CHARLENE MAYO [email protected]­pub.com

The big­gest news for Trade­point At­lantic came at the end of the year when the Bal­ti­more County Coun­cil voted in De­cem­ber to ap­prove $78 mil­lion for the re­de­vel­op­ment of in­fra­struc­ture on the TPA prop­erty.

Orig­i­nally, Trade­point re­quested $150 mil­lion for tax in­cre­ment fi­nanc­ing (TIF) last sum­mer but was redi­rected to en­hance the ben­e­fits of the com­mu­nity through the pub­lic in­fra­struc­ture agree­ment.

Rather that use a TIF, which would ear­mark funds paid by Trade­point to pay for in­fra­struc­ture, the county will re­im­burse TPA for the work through sev­eral dif­fer­ent county funds.

Out of the $78 mil­lion, $44 mil­lion will be used for wa­ter and sewer ar­range­ments which will be com­pleted through con­struc­tion con­tracts from the De­part­ment of Pub­lic Works.

The re­main­ing $34 mil­lion is des­ig­nated for roads, paid back from the state through the En­ter­prise Zone credit that doesn’t touch cur­rent taxes, ac­cord­ing to Trade­point of­fi­cials.

Ear­lier in the year, Trade­point At­lantic held an open house in April and of­fered up­dates on three projects, two of which were al­ready com­plete.

A one-mil­lion square foot spec build­ing, that was started a few years back, was com­pleted and Trade­point was wait­ing on a ten­ant for the build­ing.

By early May, Trade­point an­tic­i­pated that the two-build­ing port lo­gis­tics cen­ter, to­tal­ing 350,000 feet, would be com­pleted along with the new Ama­zon ware­house.

Plans to up­grade site port fa­cil­i­ties and spend mil­lions to do so, were dis­cussed.

Trade­point also pro­duced plans for the ar­rival of Royal Farms and the Mary­land Tran­sit Ad­min­is­tra­tion to cre­ate a bus route lead­ing to the site.

Along with cre­at­ing 3,500 full­time jobs, Trade­point planned on tar­get­ing 14 mil­lion square feet of new con­struc­tion over the next few years.

Two projects were an­nounced: the Tin Mill Canal and planned main­te­nance dredg­ing. The Tin Mill Canal and dredg­ing projects were deemed cru­cial to the ex­pan­sion of Trade­point.

De­spite neg­a­tive feed­back from com­mu­nity mem­bers who feared the dredg­ing would have a bad im­pact on the area, Trade­point moved for­ward with the clean-up.

In Sep­tem­ber, TPA cel­e­brated the re­me­di­a­tion of the tin mill canal.

Dur­ing the cel­e­bra­tion, TPA of­fi­cials stated that they’ve suc­cess­fully re­de­vel­oped 500 acres of the 3,250 acre land, in­vest­ing close to one bil­lion dol­lars, and along with other ten­ants brought back over 2,000 jobs.

Due to the tin mill canal clean-up, many blue-chip com­pa­nies and em­ploy­ers are more con­fi­dent about com­ing to Spar­rows point, ac­cord­ing to Trade­point of­fi­cials.

Upon pur­chase of the prop­erty, Trade­point had com­mit­ted to the fed­eral gov­ern­ment, the state, United States En­vi­ron­men­tal Pro­tec­tion Agency, Mary­land De­part­ment of the En­vi­ron­ment and com­mu­nity mem­bers that they would clean-up and re­vi­tal­ize Spar­rows Point and they’ve made great progress on those com­mit­ments, ac­cord­ing to com­pany of­fi­cials.

PHOTO BY NICOLE RODMAN

High Road School stu­dents vol­un­teered at a food drive at Trade­point At­lantic oin Novem­ber.

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